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AJ Bell sees total customer numbers and AuA grow in Q3

Investment platform operator AJ Bell said on Thursday that both total customer numbers and assets under administration had grown in the three months ended 30 June.
AJ Bell said total customer numbers increased to 368,033, up 30% over the last year and 6% in the quarter, while total net inflows in the quarter came to £1.8bn, a £600.0m improvement year-on-year.

The FTSE 250-listed firm also said total assets under administration had increased 30% year-on-year and 8% quarter-on-quarter to £70.4bn. Over the same quarter, the FTSE All-Share Index rose by 4.8% and MSCI World Index rose by 7.2%.

Chief executive Andy Bell said: “As we head into the final quarter of our financial year, we remain focused on providing an excellent service to our customers and continuing to support our people as we navigate the current wave of the pandemic.

“Looking further ahead, the structural growth drivers for our sector remain strong and we are well placed to deliver further growth across our platform.”

As of 0905 BST, AJ Bell shares were up 2.43% to 417.92p.

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